NorthWestern Receives FERC Approval to Issue Securities to Finance Pending Hydro Transaction

SIOUX FALLS, S.D., Oct. 30, 2014 /PRNewswire/ -- NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) announced that it has received the final required regulatory approval in connection with its pending $900 million purchase of eleven hydroelectric facilities representing 633 megawatts of capacity and one storage reservoir from PPL Montana.

Today, the Federal Energy Regulatory Commission approved and authorized NorthWestern to issue securities consisting of (1) a combination of up to $400 million of equity securities and up to $450 million in debt securities, or, in the alternative, (2) up to $900 million of unsecured debt pursuant to an existing bridge credit facility, but, in no event, more than $900 million outstanding at any one time. The issuance of securities will be used to finance the hydroelectric acquisition from PPL Montana.

About NorthWestern Energy (NYSE: NWE)
NorthWestern Energy provides electricity and natural gas in the Upper Midwest and Northwest, serving approximately 678,200 customers in Montana, South Dakota and Nebraska. More information on NorthWestern Energy is available on the company's website at www.northwesternenergy.com.

SOURCE NorthWestern Corporation

Related Links

http://www.northwesternenergy.com

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